Russell Investments Group Ltd. purchased a new stake in Simulations Plus, Inc. (NASDAQ:SLP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 28,190 shares of the technology company’s stock, valued at approximately $436,000. Russell Investments Group Ltd. owned 0.16% of Simulations Plus as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in SLP. The Manufacturers Life Insurance Company grew its holdings in shares of Simulations Plus by 13.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,923 shares of the technology company’s stock valued at $110,000 after buying an additional 1,085 shares during the period. OxFORD Asset Management LLP acquired a new position in shares of Simulations Plus in the 2nd quarter valued at $126,000. Rhumbline Advisers acquired a new position in shares of Simulations Plus in the 2nd quarter valued at $126,000. New York State Common Retirement Fund acquired a new position in shares of Simulations Plus in the 2nd quarter valued at $143,000. Finally, Blair William & Co. IL acquired a new position in shares of Simulations Plus in the 2nd quarter valued at $164,000. 33.56% of the stock is owned by institutional investors.
Shares of Simulations Plus, Inc. (NASDAQ:SLP) opened at $15.65 on Friday. The company has a market cap of $273.14, a price-to-earnings ratio of 47.43 and a beta of -0.76. Simulations Plus, Inc. has a 52-week low of $9.26 and a 52-week high of $17.45.
Several research firms recently commented on SLP. Zacks Investment Research cut shares of Simulations Plus from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. BidaskClub raised shares of Simulations Plus from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th.
In other Simulations Plus news, CEO Walter S. Woltosz sold 18,500 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $15.78, for a total transaction of $291,930.00. Following the sale, the chief executive officer now directly owns 5,610,916 shares of the company’s stock, valued at approximately $88,540,254.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 74,000 shares of company stock worth $1,196,025 over the last ninety days. 36.93% of the stock is currently owned by insiders.
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Simulations Plus Profile
Simulations Plus, Inc (Simulations Plus) develops and produces software for use in pharmaceutical research and for education, and provides consulting and contract research services to the pharmaceutical industry. The Company offers five software products for pharmaceutical research. ADMET (Absorption, Distribution, Metabolism, Excretion and Toxicity) Predictor is a computer program that takes molecular structures as inputs and predicts over 140 different properties for them at the rate of about 200,000 compounds per hour.
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